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Home ▶ My courses ▶ ENGR-301-2192-H ▶ 13 October - 19 October ▶ Assignment 5
Started on Thursday, 17 October 2019, 3:01 PM
State Finished
Completed on Saturday, 19 October 2019, 12:23 AM
Time taken 1 day 9 hours
Marks 20.00/20.00
Grade 10.00 out of 10.00 (100%)
Question 1 What is an annuity?
Correct
Select one:
Mark 1.00 out of
1.00 a. a series of payments that changes by a constant amount from one period to the
next.
b. present worth of a series of equal payments.
c. a single payment.
d.
a series of equal payments over a sequence of equal periods.
e. a series of payments that changes by the same proportion from one period to the
next.
The correct answer is:
a series of equal payments over a sequence of equal periods.
Question 2 The present worth factor
Correct
Select one:
Mark 1.00 out of
1.00 a. converts a series of repeated equal payments into the equivalent future amount.
b.
converts an annuity into the equivalent present amount.
c. gives the present amount that is equivalent to some future amount.
d. gives the future value equivalent to a series of equal payments.
e. gives the future amount that is equivalent to a present amount.
The correct answer is: gives the present amount that is equivalent to some future amount.
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Question 3 Five years ago John invested $10 000 at 5% nominal interest rate compounded daily. What
Correct is his investment worth today?
Mark 1.00 out of
Select one:
1.00
a. $11 763
b. $13 763
c. $10 513
d. $12 763
e. $12 840
The correct answer is: $12 840
Question 4 How much money will you accumulate in a bank account by the end of a 5-year period if
Correct you deposit $1 200 today at an interest rate of 2% per year, compounded quarterly?
Mark 1.00 out of
Select one:
1.00
a. $1 514
b. $1 230
c. $1 849
d. $1 783
e. $1 326
The correct answer is: $1 326
Question 5 The compound amount factor produces
Correct
Select one:
Mark 1.00 out of
1.00 a. the annuity, A, that is equivalent to a present amount, P.
b. the future amount of arithmetic gradient series.
c. the future amount, F, that is equivalent to a present amount, P.
d. the annuity, A, that is equivalent to a future amount, F.
e. the present amount, P, that is equivalent to a future amount, F.
The correct answer is: the future amount, F, that is equivalent to a present amount, P.
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Home ▶ My courses ▶ ENGR-301-2192-H ▶ 13 October - 19 October ▶ Assignment 5
Started on Thursday, 17 October 2019, 3:01 PM
State Finished
Completed on Saturday, 19 October 2019, 12:23 AM
Time taken 1 day 9 hours
Marks 20.00/20.00
Grade 10.00 out of 10.00 (100%)
Question 1 What is an annuity?
Correct
Select one:
Mark 1.00 out of
1.00 a. a series of payments that changes by a constant amount from one period to the
next.
b. present worth of a series of equal payments.
c. a single payment.
d.
a series of equal payments over a sequence of equal periods.
e. a series of payments that changes by the same proportion from one period to the
next.
The correct answer is:
a series of equal payments over a sequence of equal periods.
Question 2 The present worth factor
Correct
Select one:
Mark 1.00 out of
1.00 a. converts a series of repeated equal payments into the equivalent future amount.
b.
converts an annuity into the equivalent present amount.
c. gives the present amount that is equivalent to some future amount.
d. gives the future value equivalent to a series of equal payments.
e. gives the future amount that is equivalent to a present amount.
The correct answer is: gives the present amount that is equivalent to some future amount.
/
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Question 3 Five years ago John invested $10 000 at 5% nominal interest rate compounded daily. What
Correct is his investment worth today?
Mark 1.00 out of
Select one:
1.00
a. $11 763
b. $13 763
c. $10 513
d. $12 763
e. $12 840
The correct answer is: $12 840
Question 4 How much money will you accumulate in a bank account by the end of a 5-year period if
Correct you deposit $1 200 today at an interest rate of 2% per year, compounded quarterly?
Mark 1.00 out of
Select one:
1.00
a. $1 514
b. $1 230
c. $1 849
d. $1 783
e. $1 326
The correct answer is: $1 326
Question 5 The compound amount factor produces
Correct
Select one:
Mark 1.00 out of
1.00 a. the annuity, A, that is equivalent to a present amount, P.
b. the future amount of arithmetic gradient series.
c. the future amount, F, that is equivalent to a present amount, P.
d. the annuity, A, that is equivalent to a future amount, F.
e. the present amount, P, that is equivalent to a future amount, F.
The correct answer is: the future amount, F, that is equivalent to a present amount, P.
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